Content

Decision:
That the Committee authorises
the Joint Assistant Director (Assets &Property):
 

(1)        
to expend £1,550 to undertake a rental
valuation of the storage shed and small area of land at Sutherland
Memorial Park on behalf of the Trustees, and
 

(2)    to
subsequently enter into negotiations and
to agree lease terms for two lettings to local sports clubs on the
basis that the rental terms agreed accord with the market rent
value.
 
Reasons:

·     
To obtain an independent rental valuation of
charitable land to ensure a full market rent is achieved by the
Council as sole Trustee, as required by the Charity Commission,
when dealing with all charitable property transactions.

·     
To agree terms for the grant of two new leases to
three local sports clubs.
 
Other options considered and
rejected by the Committee:
·     
To not consent to the valuation of the charitable
land for rental purposes and the subsequent risk of challenge that
the Council as sole Trustee of the charity, has not complied with
its charitable obligations.
·     
Not to lease the property.
 
Details of any conflict of
interest declared by the Leader or lead councillors and any
dispensation granted:
None.